GR Infra gains after emerging as L-1 bidder for Noida Metro project
NEW DELHI: Shares of GR Infraprojects added 3 per cent in early trade on Wednesday as the company emerged as L-1 bidder for a tender invited by Noida Metro Rail Corporation, for part design and construction of elevated viaduct and five elevated stations, of Noida-Greater Noida Metro Rail Project.
The counter climbed to a high of Rs 1,700 against the previous close of Rs 1,650.05 on the National Stock Exchange.
The bid project cost is Rs 592.99 crore, while the completion period is 24 months, the company said in a release.
The development comes close on the heels of the domestic infrastructure company being issued a Provisional Completion Certificate for Development of Purvanchal Expressway (Package-VII)) in Uttar Pradesh on EPC Basis.
